Indiana launches investment fund to help entrepreneurs - WDRB 41 Louisville News

Indiana launches investment fund to help entrepreneurs

Posted: Updated:

INDIANAPOLIS (AP) - A new Indiana investment fund aims to support entrepreneurship, launch careers and help the next generation of commerce.

The (Northwest Indiana) Times reports that the $250 million Next Level Indiana Trust Fund is available to experienced money managers wanting to support new businesses with Indiana ties. The funds come from a $3.8 billion lease of the Indiana Toll Road.

Gov. Eric Holcomb said last week that investing in promising businesses will more effectively grow the state's economy in the long-term.

The fund's investment board selected 50 South Capital Advisors LLC in December to manage the fund. Capital Senior Vice President Trey Hart says the company plans to invest in up to 30 funds over the next five years to support entrepreneurs. He says the approach will generate greater performance with less risk.

Information from: The Times,

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
All content © Copyright 2000 - 2018 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.